Report: Hizbullah Says U.S. Sanctions against Party ‘Valueless’

Hizbullah described the latest U.S. sanctions against the party’s leadership as “worthless,” saying they will have no impact on the upcoming political entitlements in Lebanon including the election of a parliament speaker and the government formation, al-Joumhouria daily reported on Friday.

“The U.S. sanctions will have no impact on the mechanism of the political process of electing a speaker, deputy speaker and the parliament bureau, nor do they have an impact on the parliamentary consultations or the government formation,” a Hizbullah source told the daily on condition of anonymity.

“These decisions have no value or political effect. They will not resonate with the peoples and free countries in the region and the world,” he added.

The U.S. Treasury on Thursday slapped sanctions on two alleged Hizbullah financiers and five companies allegedly linked to the Iran-backed Lebanese group.

“We have been accused in the past and listed as terrorists because of our commitment to resist the Israeli enemy, and for liberating our land. Today we are again accused because of our serious resistance against Takfiri terrorism,” he said.

This might come as a surprise to you but Lebanese banks do not co-operate with Hizbullah to begin with. Hizbullah does not use Lebanese banks. It operates almost exclusively underground in the black market. It's a drain on the Lebanese economy, everybody knows this but wadayagonnado.